My Trading Game Plan | July 20, 2026

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Transcript

My name is Gareth Soloway [music]
and I was a losing trader until I
mastered technical analysis. Logic
[music] and charts beat hype and
narratives every time. Now I teach
investors the same techniques that made
me a [music] multi-millionaire. This is
my trading game plan.
Good morning everybody. Welcome to my
trading game plan. My name is Gareth
Soloway, chief market strategist here.
And of course, we're going to dive into
the charts. And as the motto goes here
at Verified Investing, all charts and
data, no BS. We rely on the charts to
basically give us probability, which
puts us in a position to not win every
time, because I certainly don't, but at
least it makes us into the casino versus
the gambler. Enough people walk into our
doors, aka trades, we're going to come
out ahead. That's the beauty of it. All
right. So let's get into it. Today is
the start of the new week. Economic data
is a little light this week, but it is
made up by earnings. Major earnings this
week from the likes of Alphabet and
others. We'll go over those in just a
minute. We're going to flip over
initially to the S&P futures chart and
take a look. And what we have here on
the S&P futures is a market that is
generally trending slightly higher.
Right? So again, little bit of upside
here. We're not up significantly. If we
flip to the daily chart, it shows us
that the S&P right now is up 29 to 30
points. So that's about 4/10 of 1%. Now
we did have two consecutive down days
last week on the S&P. You can see one,
two, and then a little bit of a bounce
today, at least at the starting point.
Now if we flip over to the daily chart
of the S&P, what we find is that we're
essentially stuck within a little bit of
a beginning wedge pattern. So we have
our all-time high back here from June
2nd, and it connects through these
recent highs right here. Price has
really struggled to break to the upside.
And as we saw on Friday, we got rejected
and came back down pretty sharply with
about a 1% drop in the S&P 500. But,
what we're really watching here is which
trend line do we break? If we break this
trend line, I honestly think we're
probably going close to the, you know,
7,700, maybe even 8,000 level on the
S&P. Now, granted, that's not a massive
move, but it's a solid move. Now, on the
other hand, if we come down to this
trend line and break, it's going to open
up the floodgates, the algorithms are
going to begin to sell, and we should
see a very sharp drop to our former
all-time highs going back to early 2026
and late 2025, and that would be around
7,000. And so, essentially, the S&P is
in a holding pattern here where we as
traders, as technicians, as people that
rely on probability to make decisions,
we are watching to see which way we
break. Okay? So, again, I'm going to
keep you guys up to date on this
day-by-day in my trading game plans. Any
change, I will give you guys immediately
the heads-up. Now, the other story is
the oil trade, right? So, oil again,
guys, what we see here is that oil was
up sharply in the overnight. This has
continued escalation is going on in the
Middle East between the US and Iran, but
we did see a pullback this morning. In
fact, it was pretty remarkable, a dump
out in oil, it went negative, and now
it's climbed back essentially to the
flat line. And this is where maybe we
get that push up to my shortable level.
Based on technical analysis and
probability, I have a very firm
resistance line right here at $87 a
barrel. Now, we got as high as almost
$85 in the overnight, but we still have
not hit my probability-based
level for a short trade setup. Now,
where do I get that from? Well, very
plainly, you can see over here we kept
on on this big run-up, we kept on
hitting or piercing this level, and we
kept bouncing. Ultimately, the more you
hit a level, what does the technical
analysis tell us? It tells us that the
more you hit a level, it weakens the
level, and eventually there's a good
probability you break to the downside.
Then once you break, there's a tendency
to retrace to the scene of the crime,
which would be this 87 level. Now, just
like over here, right, we saw a move up,
a move up, right, a move up off of this
level over and over again. The idea is
once we break to the downside, when we
get back to that level, it works in the
opposition side, and we should see a
rejection, all right? And again, simple
technical techniques that every retail
investor should be able to utilize, and
again, that's what Verified Investing is
all about is really again sharing these
techniques that are Believe it or not,
these are mainly used by institutions.
Retail is generally kept in the dark,
but I'm always trying to kind of help
retail, because listen, I was I was and
I still am to some extent. I'm still
retail. for myself. That's what I do.
But the idea is I've worked in the
institutional side. I see the games. I
see the algorithms. They're even
starting to utilize AI, but I still
believe that we, when we know
probability, can fight and even win
against the institutional money. So I'm
here for you guys, and I'll just try to
keep divulging these levels. Remember,
I'm not perfect. Not every level will be
correct. It's a probability game. That's
what it is. Okay. So let's go on here.
What else do we have on the radar? We
looked at the S&P. We've talked about
oil here. Uh what I do want to do before
we continue is just go into our
earnings, right? So, what are the big
events of this week? I want to share the
homepage of Verified Investing cuz
that's where we have our um earnings
calendar, and there I am. So, you're
seeing double me or you're
But okay, essentially, if you scroll
down, and by the way, this is so much
This is all free content, and it is
quality technical analysis to the point
where you can get majorly educated. But
down here, we have our earnings
calendar. And what you do is you just
click on it right here, and we can see
this morning AMC and Domino's reported.
So, those are the keys there. So, those
are the main ones. Tomorrow or today
after the bell, the only company of
semi-interest is SDI. And by the way,
there's other companies reporting on
this earnings calendar, um but I'm only
Here at Verified Investing, we're not
going to tell you about a, you know, a
hundred million-dollar company that like
literally you've never heard of, right?
This is the earnings calendar shows us
what are the big names that we need to
be aware of that could have market
impact. And that's really what the
earnings calendar does. It simplifies it
down. So, what we're seeing here is
tomorrow morning, I'm very curious about
GM, Danaher, 3M. I mean, these are some
Dow components. After hours tomorrow, we
have Alaska Airlines, Capital One, IBKR.
All right, then we have GE. So, we have
again a nice here. We have GE reporting
AT&T. Uh so, we'll keep an eye on that.
And then ultimately after hours on
Wednesday, this is going to be the big
day right here. Tesla, Google,
ServiceNow, IBM, Texas Instruments, CSX.
What I'm curious about is IBM. And the
reason why IBM catches my attention is
because IBM, remember, pre-announced,
and the stock dropped the most it had
ever dropped in history. 20 plus 25 plus
percent. And so, I want to know from
them, is it really as bad as they said,
or did they just throw the kitchen sink
out, and then they're going to come back
and say, "Yeah, it's bad, but we're
seeing some positive things." And will
the stock jump back? And I'm not going
to pretend to know what's going to
happen here. Um, I do think it's cheap
down here relative to a lot of other
things. But again, the chart, yes, it's
kind of kissing some support. We got to
see what they say on Wednesday after the
bell. All right? And then we have
Thursday morning, American Airlines, FCM
there. Um, and then a few others here.
This is Lockheed Martin, Comcast, Intel
will be a big one for the chips in the
after hours on Thursday, Decker, Newmont
Mining, and then Verizon, American
Express, and NextEra Energy on Friday
morning. And remember, all of this is
here for you. In fact, if you go to the
member dashboard, by the way, this is if
you actually have an account, and you
can have a free account on our website.
That's fine. But, um, and you don't have
to purchase anything, but you get daily
charts, which are only These are These
are literally trade setups that our
traders put out, including myself. And
they basically give you our trading
levels that are close for you to
monitor. All right? You're not going to
get the exact entries and exits like I
give out to members at Verified
Investing. And then down here we have
the the economic calendar. Really very
light, like I said. We have crude oil,
initial jobless claims on Thursday, and
Friday's where we're going to get a
little bit of economic data, S&P Global
Manufacturing PMI, and new home sales,
as well. And again, there's even more
quality stuff down here, fear and greed
indicators, as well. And then, of
course, we have even more to the
downside. So, anyways, just very cool,
guys. But I guess my point is is to
utilize the whatever we have for free,
even if you don't want to sign up. The
idea is I want to keep adding. I'm going
to have a gold calculator for the
cycles, the next bull cycle in gold that
we're going to be releasing. I hope it's
this week. I've been working with the
development team to get that out to you
as soon as possible, but that literally
is based on a deep dive research port
report that I did over the last week.
And again, you can read the research
report. It tells you when based on my
analysis we'll get our next move and
what year it will come and then also how
high gold will go, but the calculator
allows you to set all the metrics
yourself. Where is the real rate going,
right? Or where is it going to be?
What's the debt levels that's going to
be a key I mean, all of these factors in
the gold calculator. So you get to make
your own projection based on what you
think. All right, let's get back to the
charts here guys as we continue on. Uh
let's go back. We have the oil chart
again, which is basically flat on the
day. The dollar remains in a holding
pattern here. This could be a bullish
consolidation pattern. I would say as
long as it holds this general zone, I
would say this could be looked at as a
bull flag on the chart of uh the dollar.
So keep that on your radar. And again,
if we do break out above this level,
that's where your next leg up comes in.
Target here, if we're just looking at
upside target, look at this level right
here. See low pivot, low pivot. So if we
did break out on the dollar, your next
level would be 103.40
on the DXY. Remember that that's this is
the dollar against the basket of
currencies. 10-year yield is slightly
higher, still holding in the upper
ranges above 4.5%
and again, I'm a believer that if we
took out 4.7%
the markets would get very skittish. Now
we saw on the earnings calendar that we
had a
Domino's Pizza and AMC reporting this
morning. Neither one of them was going
to be market moving, but they are names
that we've all heard of. So I like to
just take a look. Domino's this morning
is trading up on earnings. Now, this
stock was beaten down, so it's not
surprising. If we look at the bigger
time frame, you could see again the
daily chart really was in a spiral to
the downside. So, we're gapping up. The
only level I'm going to monitor as a day
trader today, and I don't have a swing
trade or a swing trade long or short on
this. It's only day tradeable for me. I
just don't have a good enough read on it
for swings. But this here at around 367
to 368, that's a huge gap fill. That
would be my one level to watch. All
right? So, Domino's Pizza here, this
level would be a potential shortable
level if it gets up there. It may not
get up there, but if it does, intraday,
there might be a small pullback there
for a day trade. Here we have the chart
of AMC. AMC's actually up decently on
earnings. Again, it's only a $2 stock,
but it is up on earnings. If we look at
the chart again, you zoom out.
Obviously, 2021 was the massive squeeze
on these things, and you could see how
low it is comparatively. I mean, barely.
Now, if we zoom in, we get a better
read. Same thing, I would say again, 275
gap fill maybe a high-risk short. But
again, very, very high risk. Now,
one of the my favorite trades right now,
all right? And when I say favorite,
basically it means high conviction. One
of my high conviction trades right now
is Apple on the short side. So, not only
have I talked, and if you watch my
Friday weekly wrap-up, I talked about
the essentially how semiconductors were
due for a bounce, and how we've seen
this yin and yang rotation, right? So,
semis sell, Apple goes up. All right?
Semis bounce, it tends to bring Apple
in. Basically, Apple's been the safe
haven. Um they haven't spent a lot of
money on AI, and so they're kind of
looked at this like the AI proof play if
things are falling apart for the chip
stocks and the AI plays. Having said
that, the semis, many of them have come
into support and I did nibble on a few
longs late last week. We've closed out
some winners already even pre-market
today. I had another SOXL trade on
Friday late in the day. We got long. I
sold it this morning already for over
10% in smart money stocks. But, the
point is is that Apple here, it's gained
a trillion dollars in market cap in 3
weeks and look at that trend line. Great
trend line. So, pretty high conviction
and I am short myself that Apple pulls
back. First target here would be 315,
which would be that former high pivot.
There's also a gap fill here. So, we'll
see where it goes. Doesn't have to pull
back as we all know. Markets don't have
to do what I say. It's just all about
probability and it favors a pullback,
especially if the semiconductors can
bounce. Speaking of semis, MRVL, look at
this major support level right in here.
Gap fill, high pivot. Where did it go on
Friday? And then look, you can see it's
bouncing already back to 195. I would
guess this has upside back to about 220
to 225 on the chart. So, MRVL is one.
Micron is another one. You can see
Micron trading around 880. Here was my
support zone and I showed these all last
week. So, you guys had a major heads-up
on these coming into the level right
here, right around 800, just above 800.
Technical high pivot here. Then you have
gap fill, which would be a secondary
support and you got a bounce, small
little bounce from the gap down on
Friday and today it's trading up as
well. Again, anything in this range to
me is a very intriguing level just for a
bounce. Please understand, I'm not
saying the semis are going to new
all-time highs. I don't actually believe
that. Um what I'm saying is that the
semis are due for a short-term bounce
before the downside resumes on the
microns, the Sandisks, etc. And speaking
of San Disk, I mean, just incredible
people. And And this is partially the
analysts, too, right? I mean, when we
were up here, analysts were upgrading
this thing to like 3,000, 3,500 dollar
price targets. And historically, and
I've been around for 27 years now of
trading, historically when stocks are up
100, 200, 300% in the year, and then you
get these crazy upgrades, it's analysts
that, unfortunately, they're human, and
therefore they fall into the emotional
trap, and they say, "Oh, you know, you
know, they get emotional about it." Just
like many of us do, right? And they just
throw out these ridiculous price
targets, but it's a topping signal. And
sure enough, we've seen this thing come
down a thousand dollars from its highs.
Incredible drop. Now, this one has not
hit my major support, low pivot, gap
fill right here and here, but again, if
it bounces and then curls over, this
would be kind of a buy level right down
here, right around 1,200. I would
probably be interested in that. Gold
today, flat to negative. It's barely,
but is still holding on to technical
support here. And again, you guys will
get my gold institutional report this
week. Again, this is a report that
generally is given to institutions, but
we're I did it so that retail will have
full access um when when anyone else
wants it, even if institutions want it,
they can have access at the same time as
you guys. That's the way we're going to
roll here at Verified Investing. Um on
gold, if it breaks here, we know we have
our 3,900 support, or just below, and
then if it keeps selling, 3,450 to
3,500, maybe 3,600, right in that
vicinity is your technical level. Silver
here, that's your intraday. Silver's
getting a little bit of a bounce. It
keeps kind of kissing 54, but not fit
hitting it officially. Nonetheless, low
pivot, lower low, so it's still making
lower lows, still has major resistance
at 63 to 64 up here. And we know our big
breakout zone, right? If we get over
this, game on to the upside. But as long
as we stay in this zone or below, I got
to go with the negative bias on this for
the time being. All right. Looking we
looked at oil already. How's natural gas
behaving today? Let's take a look. Nat
gas is flatish to slightly negative.
Still holding on to technical support,
but nat gas, the problem here is it's
starting to build up a bear flag. That's
not necessarily good. It's still holding
support, but again, you never like to
see it hover right on a technical
support level because it does open the
door that at some point it cracks below
and then the bottom falls out for
another leg lower. Lastly, Bitcoin real
quick here guys. Bitcoin continues to
look bullish to me staying in the upper
ranges. If it can take out, I would say
the 65,000 level, we should head back to
67. The inverse head and shoulders
pattern still has upside to about 71 to
72,000.
All right. So, really interesting here.
I'm more curious this week if we had to
summarize this week, I would say this
week it's all about earnings, right?
Google/Alphabet,
IBM, um later this week Intel. Those are
the big players that are going to shake
the market one way or the other. Other
than that, I don't really look at oil.
Oil has not really had a big impact if
it spikes back to 100, I think it will.
But aside from that, it's earnings.
Earnings season is key. All right. Have
a great rest of your day guys. Thank you
so much for the kind words in the
comments and just being awesome. Um you
guys support me every day, support
Verified Investing, and I want you guys
to know that we know you do and we
appreciate it from the bottom of our
hearts. So, thank you so much. I'll see
you soon. Take care.